Disallowance on account of Royalty - estimated liability - What ...

Royalty Payments Disallowed in Tax Deductions: Liability Must Be Certain and Estimable for Deduction Eligibility.

April 7, 2021

Case Laws Income Tax AT

Disallowance on account of Royalty - estimated liability - What should be certain is the incurring of the liability. It should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible. If these requirements are satisfied the liability is not a contingent one. The liability is in present though it will be discharged at a future date. - Deduction allowed - AT

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Disallowance on account of Royalty - estimated liability - What ...

Royalty Payments Disallowed in Tax Deductions: Liability Must Be Certain and Estimable for Deduction Eligibility.

April 7, 2021

Case Laws Income Tax AT

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